Schonfeld Strategic Advisors LLC Acquires Shares of 244,548 Broadstone Net Lease, Inc. (NYSE:BNL)

Schonfeld Strategic Advisors LLC bought a new stake in Broadstone Net Lease, Inc. (NYSE:BNL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 244,548 shares of the company's stock, valued at approximately $3,879,000. Schonfeld Strategic Advisors LLC owned approximately 0.13% of Broadstone Net Lease at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. increased its position in Broadstone Net Lease by 73,833.3% in the 4th quarter. Federated Hermes Inc. now owns 2,218 shares of the company's stock valued at $35,000 after acquiring an additional 2,215 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Broadstone Net Lease by 139.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,735 shares of the company's stock valued at $43,000 after purchasing an additional 1,592 shares during the period. Tower Research Capital LLC TRC raised its position in Broadstone Net Lease by 192.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,914 shares of the company's stock worth $46,000 after purchasing an additional 1,918 shares during the last quarter. Quarry LP acquired a new position in Broadstone Net Lease during the 4th quarter worth about $57,000. Finally, Assetmark Inc. grew its position in shares of Broadstone Net Lease by 345.1% in the 4th quarter. Assetmark Inc. now owns 4,464 shares of the company's stock valued at $71,000 after buying an additional 3,461 shares during the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.

Broadstone Net Lease Price Performance

Broadstone Net Lease stock traded up $0.01 during trading hours on Friday, reaching $16.29. The stock had a trading volume of 275,114 shares, compared to its average volume of 1,173,954. Broadstone Net Lease, Inc. has a 52 week low of $13.96 and a 52 week high of $19.15. The stock has a market cap of $3.08 billion, a PE ratio of 18.72 and a beta of 1.04. The company has a fifty day simple moving average of $16.33 and a 200-day simple moving average of $16.45.

Broadstone Net Lease (NYSE:BNL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.20 by $0.16. The business had revenue of $112.13 million during the quarter, compared to analyst estimates of $109.80 million. Broadstone Net Lease had a net margin of 37.62% and a return on equity of 5.10%. Research analysts predict that Broadstone Net Lease, Inc. will post 1.43 earnings per share for the current fiscal year.

Broadstone Net Lease Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 7.12%. The ex-dividend date of this dividend is Monday, June 30th. Broadstone Net Lease's payout ratio is currently 190.16%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BNL shares. JMP Securities reissued a "market outperform" rating and set a $21.00 target price on shares of Broadstone Net Lease in a research report on Monday. Truist Financial boosted their price target on Broadstone Net Lease from $17.00 to $18.00 and gave the company a "hold" rating in a research note on Monday. Finally, BMO Capital Markets set a $20.00 price objective on shares of Broadstone Net Lease and gave the stock an "outperform" rating in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.83.

Broadstone Net Lease Profile

Broadstone Net Lease, Inc (the Corporation) is a Maryland corporation formed on October 18, 2007, that elected to be taxed as a real estate investment trust (REIT) commencing with the taxable year ended December 31, 2008. Broadstone Net Lease, LLC (the Corporation's operating company, or the OP), is the entity through which the Corporation conducts its business and owns (either directly or through subsidiaries) all of the Corporation's properties.